The
Ministry of Corporate Affairs has, for the first time, published voluntary corporate governance guidelines: see
here (
pdf). Based on 'comply or explain', the guidelines are directed at public companies and are divided into six sections: the board of directors; responsibilities of the board; audit committee of the board; auditors; secretarial audit; and whistle blowing.
The Ministry has also published voluntary corporate social responsibility guidelines: see
here (
pdf).
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